#Chinese #Steel dumping threatens sector recovery in #Europe, #US

Posted on December 9, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

#European and #US #Steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge: #Chinese dumping.

Chinese steel is overabundant since a sharp slowdown in the #Asian giant’s economy has sapped domestic demand, and is shipping to world markets at cut-down prices.